04-22-02 Council Meeting Minutes

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REGULAR MEETING APRIL 22, 2002 Thirteen (113), of the Third Plat of Out Lots of the town. Parcel #3 The Section of the Old Kankakee Mill Race Bounded on the South by Lots One (1) and Two (2) of Kent and Garrison's Subdivision, on the East by the West edge of the North/South alley between Cushing and Scott Street, on the North by Lot Twenty -three (23) of Kent's Subdivision of Bank Outlot One Hundred Fourteen (114) and Part of Bank Outlot One Hundred Thirteen (113) and on the West by the East edge of Cushing Street. Parcel #4 Lot Numbered Two (2) in Kent and Garrison's Subdivision of Out lot One (1) of Henrick's and Grant's Addition to the Town. and which has Key Numbers 18- 1055 -2345, 18- 1055 -2331, and 18- 1055 -2346 be designated as an Economic Revitalization Area under the provisions of Indiana Code 6 -1.1 -12.2 et se q., and South Bend Municipal Code Sections 2 -76 et se ., and; WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana code 6 -1.1- 12.1 -2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for an economic revitalization area have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council pursuant to Section 2 -84 of the South Bend Municipal Code finds the ten 10 years is the appropriate and rational time period for this tax abatement in light of the following: The building is being built in a location that has a history of disinvestment, blighted structures and debilitating social activity. 2. The building is within The City of South Bend and SBHF's targeted area for development. SBHF's goal is to clear substandard properties and undesirable businesses between the Center City and the 900 block of LWW. This project will enhance the millions of dollars that the City of South Bend has spent on infrastructure improvements along LWW. SECTION II. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as an Economic Revitalization Area for the purposes of tax abatement. Such designation is for Real property tax abatement only and is limited to two (2) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. SECTION III. The Common Council hereby determines that the property owner is qualified for and is granted Real property tax deduction for a period of ten 10 years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6- 1.1 -12 et. se g.